CARETRUST REIT INC (CTRE) Stock Technical Analysis
NYSE:CTRE • US14174T1079
Taking everything into account, CTRE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTRE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CTRE is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by CTRE over the past year are nicely spread over this period.
- CTRE is one of the better performing stocks in the Diversified REITs industry, it outperforms 95% of 122 stocks in the same industry.
- A new 52 week high is currently being made by CTRE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month CTRE has a been trading in the 35.60 - 41.72 range, which is quite wide. It is currently trading near the high of this range.
- CTRE has an average volume of 1866780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, CTRE also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for CTRE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.65
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.29 to 38.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.92 to 36.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.63 to 41.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CTRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTRE is up. |
| ChartMill Relative Strength | 86.14 | POSITIVE | CTRE has a high relative strength, it outperformed 86.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.69 | NEUTRAL | The RSI value for CTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CTRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.57 | OVERBOUGHT | The high Stochastics value suggests CTRE may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.33 | NEUTRAL | The ADX value for CTRE suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 41.16 | 39.21 | 1.95 (4.74%) | 21.11% |
| An entry @41.16. This is a Buy Stop order right above the resistance zone. | An exit @39.21. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.95 points, which is 4.74%. | When investing 21.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
40.62
-0.52 (-1.26%)
CARETRUST REIT INC / CTRE FAQ
What is the technical rating for CTRE stock?
ChartMill assigns a technical rating of 10 / 10 to CTRE.
Can you provide the trend direction for CARETRUST REIT INC?
The current trend direction for CARETRUST REIT INC (CTRE) is Bullish.
What is the RSI signal for CTRE stock?
CARETRUST REIT INC (CTRE) has an RSI value of 62.6905. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CARETRUST REIT INC?
The MACD indicator for CARETRUST REIT INC (CTRE) has a value of 0.0878296, indicating a bearish trend.
What are the support and resistance levels for CARETRUST REIT INC (CTRE) stock?
CARETRUST REIT INC (CTRE) has a support level at 38.2 and a resistance level at 40.63. Check the full technical report for our detailed analysis of CTRE support and resistance levels.